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Chapter 6 Economic Development Strateev: To cultivate a diverse, dynamic, and evolving economy that leverages our city's strengths in location, transportation network, existing small <br />and large businesses, existing building stock, and redevelopment opportunities to preserve a solid tax base, increase high -quality jobs, attract investment, and ensure long-term prosperity. We will <br />position the city for focused and sustainable growth. <br />6.1 Economic Development Goal: Facilitate redevelopment of underutilized office buildings and shopping plazas, especially along the Lorain Road Corridor and Great Northern Mall area, and work <br />to activate any underutilized parcels or spaces. Green space and reduced parking areas should be included in any redevelopment. <br />6.1a Expand the Storefront Revitalization', -Lorain Road, Brookpark Extension, and G <br />Program with particular attention to strip Fa4ade revitalization, storefront graphics <br />centers along main corridors. <br />*6.Jb Adapt and re -purpose aging and <br />-City-wide <br />Short -Long <br />obsolete office buildings to encourage <br />-Focus on two major corporate centers Great Northern and:Milienium Corporate Centers) for <br />? Term <br />reinvestment and stability in the <br />reinvestment to exterior and interior <br />changing regional market. <br />*6.1c Pursue recreational, <br />-Great Northern Mall <br />Short -Long <br />entertainment, and family -focused <br />-Multi-use redevelopment <br />Term <br />activities as part of the Great Northern <br />Mali redevelopment opportunities. <br />6.1d Recognize sustainability with any <br />-City-wide Short -Long <br />development/redevelopment through <br />-Energy-efficient systems, sustainable materials, water conservation systems, improved indoor Term <br />reutilization of existing buildings when <br />possible and overall green building and <br />air quality, sustainable landscaping, and smart building technologies <br />infrastructure design. <br />6.1e Analyze and establish economic <br />-Commercial and industrial uses Short -Mid <br />development mechanisms that <br />-Utilize existing and new city programs Term <br />incentivize commercial and mixed - <br />use redevelopment in targeted areas <br />Better utilize county programs <br />throughout the city. <br />ECDD <br />PACE <br />Dev <br />CRA <br />BPO <br />TIF <br />ECDD <br />CRA <br />Dev <br />1IF <br />CC <br />NCA <br />TMUD <br />BID/SID <br />ECDD <br />'PACE <br />Dev <br />BPO <br />ECDD <br />CRA <br />CC <br />FD <br />6.1f Adapt Lorain Road corridor zoning -Lorain Road I Short -Mid ECDD <br />to support mixed -use development and Term <br />-Ensure mechanisms to promote aTransit-Orignted Development are in place CC <br />higher densities. <br />-Create a compact, walkable, and vibrant mixed -use community centered around public transit CCPC <br />BID%SID <br />CED <br />PACE <br />NCA <br />TIF <br />STIMulus Grant <br />Supplemental Grant New <br />Municipal Grants <br />N/A <br />